NewEnergyNews: WHO LAUGHS LAST LAUGHS LOUDEST/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
  • --------------------------

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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, March 12, 2010

    WHO LAUGHS LAST LAUGHS LOUDEST

    Oil Execs Chortle as Obama Admin Promotes Renewables
    Mike Soraghan, March 10, 2010 (NY Times)

    "Renewable energy is being praised in Washington, but it is generating snickers here in [Houston,] the nation's traditional energy capital, where oil, gas and utility leaders are gathered for a major industry conference.

    "Leaders of two of the world's largest oil and gas companies used their addresses…to warn against unbridled optimism about wind and solar energy. Khalid Al-Falih, president and CEO of Saudi Aramco, deemed overreliance on renewable power dangerous, while ConocoPhillips Chairman James Mulva employed sarcasm to compare renewable boosters to those who won't acknowledge climate change [calling New Energy enthusiasts 'hydrocarbon deniers' to liken them to climate change deniers]… Mulva lambasted the administration's proposals to terminate tax benefits on oil and gas…[and stressed that the New Energies also have disadvantages…Biofuels, he said, require large amounts of land and water, can drive up food prices and increase greenhouse gas emissions]…"


    They can laugh but the race is on and they know it. (click to enlarge)

    "Mulva, whose company supports mandatory U.S. regulation of greenhouse gases, said renewables cannot develop quickly enough to replace fossil fuels, and he predicted that even in 40 years, most electricity will not come from renewable sources…Al-Falih said too much focus on renewables could diminish the investment needed to continue producing traditional fuels and could create a "green bubble" in energy markets…[but] touted investment by Saudi Aramco and King Abdullah University of Science and Technology in developing solar energy technologies…

    "The two executives spoke after Energy Secretary Steven Chu gave a talk that praised renewables and urged the energy leaders to accept regulation to rein in climate change. He talked up the possibility of biofuels meeting most of the growth in the country's liquid fuels supply and said $600 million in stimulus funding will support 19 pilot, demonstration and commercial-scale biorefineries."


    Want to guess whether natural gas or New Energy will run out first? (click to enlarge)

    "The Department of Energy budget advanced by Chu and the Obama administration sides even more with renewables over fossil fuels. The spending plan proposes a 53 percent jump in funding for wind research and a 22 percent boost for solar research. By contrast, it zeroes out funding for natural gas research. And it proposes to wipe out an array of tax benefits for the oil and gas industry. The industry said such a move could raise its costs by $80 billion across the next 10 years.

    "The executives' remarks come as the wind industry is increasing its Washington presence, pushing for a requirement in an energy and climate bill for utilities to use a set percentage of renewable fuels…[and] fighting off a legislative effort to block stimulus funds from going to wind and other renewable projects unless the parts are manufactured in the United States …Denise Bode, CEO of the American Wind Energy Association, told reporters…[she considers it a compliment that] her industry is being targeted by the traditional energy industries because they see wind as a threat…"

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